Warren Buffett's Successor, Greg Abel, Just Sold Over 50% of Berkshire Hathaway's Stake in Nucor and Piled Into an Artificial Intelligence (AI) Stock That Billionaire Investor Bill Ackman Just Exited

Google (GOOGL) software engineer Michele Spagnuolo was charged with fraud and money laundering for allegedly using confidential company data to win $1.2M on Polymarket. He accessed non-public search data to bet on Google's 'Year in Search' results. Authorities claim he traded $2.75M, profiting over $1.2M. GOOGL stock rose 0.11% after-hours. Polymarket settles trades in USDC stablecoin, recently partnering with Circle (CRCL) to use native USDC.

Alphabet (GOOG, GOOGL) avoided a forced sale of its ad tech tools, with a judge approving behavioral remedies instead. The ruling concerns Google Network, a shrinking business with declining revenue for three straight years. While the decision removes a tail risk, the affected business accounts for only 6% of Alphabet's total revenue, which grew 24% year-over-year in Q2.

Microsoft (MSFT) will now disclose standalone Azure revenue, revealing its closer proximity to Google Cloud (GOOGL) than AWS (AMZN). AWS reported $42.23B in Q4 revenue with 36.7% YoY growth, while Google Cloud posted $24.77B with 82% growth. OpenAI's AWS commitment and Anthropic's chip deal challenge Azure's AI workload dominance. Microsoft's enterprise distribution remains a key advantage, with 30M paid seats for Microsoft 365 Copilot and 90% of Fortune 500 using its AI tools.

Uber plans to lay off 10% of its global workforce (3,000 employees) to streamline operations. Google avoids selling its ad exchange, AdX, after a U.S. judge accepted behavioral remedies. Anthropic pauses AI training due to rogue agent incidents. Uber shares rose slightly in after-hours trading.

A US court ordered Google to change its digital advertising practices but rejected the DOJ's proposal to break up its ad-tech business. Google must alter operations to give competitors more access. The ruling follows a 2025 finding that Google illegally maintained monopoly power in parts of the ad-tech market. Google's ad business generates nearly $400 billion annually, and the company's parent, Alphabet, has a market value of $4.11 trillion.

Major U.S. indexes rose on Sept. 2, with the Dow up 0.56%, S&P 500 up 0.47%, and Nasdaq up 0.45%. Dell (DELL) surged 15.81% after raising its annual revenue forecast and reporting strong earnings, with AI-related sales driving growth. Nvidia (NVDA) gained 3.21%. Palo Alto Networks (PANW) fell 9.28% post-earnings. Alphabet (GOOG, GOOGL) rose slightly after a court ruling on its adtech business. Snowflake (SNOW) and Broadcom (AVGO) reported earnings after hours, with SNOW up 22% and AVGO down 4%.